Ametek Inc (NYSE: AME) is 2.72% higher on its value in year-to-date trading and has touched a low of $136.89 and a high of $186.32 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AME stock was last observed hovering at around $168.59 in the last trading session, with the day’s gains setting it 0.79%.
Currently trading at $169.38, the stock is 4.52% and 1.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.86 million and changing 0.47% at the moment leaves the stock 0.40% off its SMA200. AME registered 6.15% gain for a year compared to 6-month loss of -5.99%.
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The stock witnessed a -2.36% gain in the last 1 month and extending the period to 3 months gives it a 1.01%, and is 2.52% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.42% over the week and 2.25% over the month.
Ametek Inc (AME) has around 21500 employees, a market worth around $39.22B and $6.82B in sales. Current P/E ratio is 29.50 and Fwd P/E is 23.28. Profit margin for the company is 19.52%. Distance from 52-week low is 23.73% and -9.09% from its 52-week high. The company has generated returns on investments over the last 12 months (11.84%).
The EPS is expected to grow by 6.01% this year
1251.0 institutions hold shares in Ametek Inc (AME), with institutional investors hold 89.62% of the company’s shares. The shares outstanding are 230.93M, and float is at 230.46M with Short Float at 1.08%. Institutions hold 89.22% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 25.75 million shares valued at $4.29 billion. The investor’s holdings represent 11.1416 of the AME Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 17.63 million shares valued at $2.94 billion to account for 7.6298 of the shares outstanding. The other top investors are STATE STREET CORP which holds 9.2 million shares representing 3.9794 and valued at over $1.53 billion, while FMR LLC holds 3.9457 of the shares totaling 9.12 million with a market value of $1.52 billion.
Ametek Inc (AME) Insider Activity
The most recent transaction is an insider sale by Kohlhagen Steven W, the company’s Director. SEC filings show that Kohlhagen Steven W sold 1,440 shares of the company’s common stock on Jun 12 ’24 at a price of $173.93 per share for a total of $0.25 million. Following the sale, the insider now owns 24809.0 shares.
Ametek Inc disclosed in a document filed with the SEC on May 15 ’24 that Kohlhagen Steven W (Director) sold a total of 1,470 shares of the company’s common stock. The trade occurred on May 15 ’24 and was made at $170.20 per share for $0.25 million. Following the transaction, the insider now directly holds 26249.0 shares of the AME stock.
Still, SEC filings show that on Mar 26 ’24, Kohlhagen Steven W (Director) disposed off 1,365 shares at an average price of $182.22 for $0.25 million. The insider now directly holds 27,719 shares of Ametek Inc (AME).
